393 ERB Street
Waterloo, Ontario
MLS® 40833566
$1,300,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 40833566
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 7Listing description
Offered together as a land assembly, 391, 393, and 395 Erb Street West comprise a combined 0. 896-acre site (approximately 39,030 sq. ft.)
in the highly desirable Waterloo West neighbourhood. Positioned along the Erb Street corridor, these properties benefit from convenient connectivity to Uptown Waterloo, the ION LRT, University of Waterloo, employment hubs, shopping, and everyday amenities. The site’s nearly 200' x 200' square configuration and large road frontage create an ideal canvas for future redevelopment.
The properties fall within the City of Waterloo’s recently approved Community Planning Permit By-law – Erb Street Corridor, an innovative planning framework designed to streamline development approvals. The site offers an opportunity to redevelop a 6-storey mixed-use building or stacked townhouse condominiums, with up to 450 bedrooms per hectare. Existing residential dwellings on the properties may provide interim rental income while future plans and approvals are pursued.
An excellent opportunity to participate in Waterloo Region’s continued expansion and intensification with a large-scale redevelopment.
Property summary
- MLS® number
- 40833566
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 0.261 acres
- Annual property taxes
- $5,918.00
- Days on market
- 119 days
Features & details
- Basement
- None
- Community features
- High Traffic Area
What would this home cost you?
Based on the $1,300,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of BENJAMINS REALTY INC., KITCHENER.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.